Month: September 2017

Mark Zuckerberg has gotten so rich that he can fund his philanthropic foundation and retain voting control without Facebook having to issue a proposed non-voting class of stock that faced shareholder resistance. Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block
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“If we’re improving the mental health of millions of teens, that’s a success to us” says Nikita Bier, co-founder of tbh. His team has scored a surprise hit, rocketing to the top of the App Store by letting teens send each other compliments anonymously. While most anonymous apps like Secret and Yik Yak have devolved
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Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem. Why? First, as we all know, it’s easier than ever to build a startup. An MVP can hit the app stores in a few days and the need to raise millions for servers and software is over.
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In a huge blow to Uber in the UK London’s transport regulator has rejected its application to renew its license to operate in the city. In a statement today TfL said it has concluded that Uber is “not fit and proper to hold a private hire operator licence”. “TfL’s regulation of London’s taxi and private
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MongoDB, a database software company based in New York, has filed to go public with the Securities and Exchange Commission as it continues to burn a ton of cash despite its revenue almost doubling year-over-year. The company, which provides open-source database software that became very attractive among early-stage startups, is one of a myriad of
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As Congressional investigations into Russia’s role in manipulating the election for U.S. president deepens, tech companies are assuming a more central role in the inquiries. Both Twitter and Facebook are stepping up their efforts to cooperate with Congressional investigations into Russian interference with last year’s presidential election. For Twitter, that means agreeing to a briefing
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Google Cloud Platform announced support for some powerful Nvidia GPUs on Google Compute Engine today. For starters, the company is making Nvidia K80 GPUs generally available. At the same time, it’s launching support for Nvidia P100 GPUs in Beta along with a new sustained pricing model. For companies working with machine learning workloads, having access
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Instagram is making its face filters available for live video streaming through the app, the company announced today. Instagram had introduced face filters, which add visual effects to detected faces, back in May, but until now it was only available on video and images captured first and then posted to your Instagram Story after the
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There’s a new CEO at TodayTix, though he’s definitely not new to the company — Chairman Brian Fenty is becoming chief executive, while his co-founder (and the previous CEO) Merritt Baer is becoming the Head of Europe. TodayTix sells theater tickets in cities across the United States (including New York, Chicago and San Francisco), but
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Malware that piggybacked on CCleaner, a popular free software tool for optimizing system performance on PCs, appears to have specifically targeted high profile technology companies and may have been an attempt to harvest IP — perhaps for commercial or state-level espionage. In an update on its investigation into the malware, which was revealed to have
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DogBuddy, a pan-European online marketplace for dog sitting, has closed €5 million in Series A funding, money it plans for further expansion. Backing the London-headquartered startup in this round is existing investor Sweet Capital, the investment fund started by the founders of King.com, and a number of new unnamed private investors. It brings total raised
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